From LiveWire:"The question now is whether the recovery from the...

From LiveWire:

"The question now is whether the recovery from the December lows has been under-done.Canaccord Genuity runs the numbers. The answer to the above question is almost impossible to answer.Lithium remains an opaque market, so unlike the bulk commodities and metals stocks which are researched to the nth degree, there is a paucity of deep knowledge on the lithium stocks. Canaccord Genuity is one of the few to have deep knowledge on the sector and what it means for equity values.

An April 3 lithium report ... suggesting that the share price recovery since December has been underdone.Below is a rundown on its Australian coverage, the interest being the difference between current share prices and CG’s target prices:
-Alliance Mineral Assets (ASX:A40). Trading at 17.5c (down 33% year to date) compared with CG’s (lowered) target price of 35c.
-Altura (ASX:AJM). Trading at 12.5c (down 10% year to date) compared with CG’s (unchanged) target price of 13c.
-Galaxy (ASX:GXY): Trading at $1.85 (down 14% year to date) compared with CG’s (unchanged) target price of $3.70.
-Kidman (ASX:KDR): Trading at $1.36 (up 24% year to date) compared with CG’s (unchanged) target price of $2.15.
-Lithium Power (ASX:LPI): Trading at 20.5c (down 21% year to date) compared with CG’s (decreased) target price) of 45c.
-Orocobre (ASX:ORE): Trading at $3.45 (up 7% year to date) compared with CG’s (increased) target price of $6.50.
-Piedmont (ASXLL). Trading at 15.5c (up 77% year to date) compared with CG’s (unchanged) target price of 30c.
-Pilbara Minerals (ASXLS). Trading at 70.5c (up 13% year to date) compared with CG’s (decreased) target price of 80c."